I remitted some money using GPay recently. There were many people with the same name, and erroneously the money went to the wrong account of one Arjunan. When the actual Arjunan to whom the...
Few of the Trade Union representatives from the Banking Industry met the Leader of the Opposition with certain demands on the Banking Sector. This came out on Social Media, and the Finance Minister, in...
âDemocracy is by the people, for the people, and of the people.â-Abraham Lincoln, 16th President of the USA (1861-65) We claim to be the largest democracy. Are we? Two latest developments raise this question....
On November 8, 2016, the Prime Minister announced the withdrawal of âč500 and âč1000 currency notes.
Random Reflections The government and banks, which write off crores of depositorsâ money to benefit the wealthiest, make a hue and cry when farmers or disaster-affected people demand loan waivers. Disasters occur frequently across...
A sitting minister in Singapore, Eswaran, has recently been sent to jail to serve a one-year term on corruption charges involving acceptance of a golf set, tickets to attend an expensive show, etc. Can...
In response to the article published in Finance Matters last week, titled “MUDRA loan numbers â Biggest jumla by the Finance Minister” by Mr. Thomas Franco, Ministry of Finance & Corporate Affairs through their...
In a recent interview with the press in the industrial town of South India, Coimbatore, the Finance Minister clarified to Mr Sundarraman, a reporter from The Indian Express, that according to the bank’s data...
With climate change, human interventions, unscientific development and greed, disasters are frequently happening in the country. As Dr P. Sainath writes in the title of his famous book, “Everybody Loves a Good Drought,” everyone...
India is ranked 45th in the Pension Grade System of 47 countries. The USA ranked 22nd is a capitalist country but 100% of its population is covered under a pension system. In most countries...
During the year-long agitation in 2020-21, the farmers gave a call to boycott Ambani and Adani. Now they have given a call to Observe Corporate Quit India Day on 9th August 2024. They have...
The election result of June 4 gave a clear message to the ruling dispensation. They were reduced to a minority and had to entirely depend on a few allies to continue to be in...
The nationalisation of 14 banks on 19th July 1969 was the most desirable and important economic cum social reform in independent India. After 2 days of Nationalisation, Mrs. Indira Gandhi explained to the Parliament...
The plain truth is- âwithout depositor's funds, banks will cease to exist.â Hence, the banks have a primary responsibility towards the depositors. They should not only keep the deposit safe but also provide a...
Can you see that the entire country is run by three business magnets? There are a few more. As told by the former Chief Executive of Niti Ayog, Amitabh Kant, they are creating 5...
